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Updated 8 months ago on . Most recent reply

Amby Bhagtani's profile image
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Amby Bhagtani
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Amby Bhagtani
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General Real Estate Investing

Move property to LLC

Amby Bhagtani
Posted

Hi - I Am looking to move the property from my name to a LLC in Ohio. Does anyone have experience with this? I have a few questions. Thanks !

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AJ Exner's profile image
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AJ Exner
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  • from Springfield, MO
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  • from Springfield, MO
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AJ Exner
  • Lender
  • Springfield, MO
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Quote from @Amby Bhagtani:

Hi - I Am looking to move the property from my name to a LLC in Ohio. Does anyone have experience with this? I have a few questions. Thanks !

Amby,

You could either Quit Claim it, like @Remington Lyman suggested, or refinance if you are in a position to (don't have a 2020 rate and have some equity in it). The kicker for a lot of folks is giving up a 3%-4% rate to do that which makes Quit Claims a little more effective.

You just want to make sure that the title is done properly to avoid any downstream concerns

  • AJ Exner
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